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To: Rational who wrote (5569)1/2/1998 9:40:00 PM
From: fut_trade  Read Replies (1) | Respond to of 27307
 
<<SEC filings are very important for both bears and bulls. They helped me bail out of Cityscape at 9 1/8 (now at 3/4)>>

Just a friendly question. If the SEC filings helped you bail -- why did you buy in the first place?



To: Rational who wrote (5569)1/2/1998 9:58:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 27307
 
Oh, Sankar, pleeze...

I'm sure General Electric's 10Q is just as scary. 10Q's were legislated by ex-lawyers to keep company lawyers busy, and keep litigation lawyers unemployed. If we relied on 10Q's for investment counsel, we'd have our money under the mattress.



To: Rational who wrote (5569)1/4/1998 9:56:00 AM
From: Ploni  Read Replies (3) | Respond to of 27307
 
SEC filings are very important for both bears and bulls. They helped me bail out of Cityscape at 9 1/8 (now at 3/4)

I thought you posted on that thread (after the close on 10/15) that you got out because you didn't think the price would hit 8 1/2, but it did. Did the stock hit 8 1/2 and then rebound to 9 1/8? I know that by the time you posted that you had exited, the stock had already closed at 7 15/16, so the people who had been drawn to the stock to some extent by your extremely bullish posts weren't able to get out at 9 1/8 -- in fact some of us are still holding at 50 cents. In fact, it seemed that as CTYS's stock continued its crash, you were still more bullish than bearish. I'm glad that your losses on CTYS were somewhat less than the 100% loss I and the others will have, but I don't think you should brag about your performance on that investment.

In fact, on this thread, I first thought that you were bullish on YHOO, as you seemed to be agreeing with Mr. Futerko that it wasn't wise to buck the momentum -- but now it sounds as though you are becoming bearish. I wish I knew what you really thought about YHOO: there are many who might be tempted to use your investment positions as a contrarian indicator.